Multiple Choice
-In the production possibilities frontier depicted in the figure above, what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?
A) 1/2 hat per pound of bananas
B) 1 hat per pound of bananas
C) 2 hats per pound of bananas
D) 3 hats per pound of bananas
Correct Answer:

Verified
Correct Answer:
Verified
Q17: A country produces only pencils and erasers.
Q18: Suppose Joe can prepare 10 sandwiches or
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q20: Explain why the production possibilities frontier bows
Q21: Moving along a bowed-out PPF between milk
Q23: When moving along the production possibilities frontier,
Q24: Using the production possibilities frontier model, unemployment
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q27: Draw a production possibilities frontier between beans